This is a trading diary containing my views on international financial markets and economic news. I focus on the relationships between bond, currency, commodity and equity markets across countries. All ideas and opinions expressed here are shared for educational purposes. THESE ARE NOT RECOMMENDATIONS!

Dec 2, 2004

I want to reiterate my thoughts on the disconnect between what people know about China and what people think they know. That country is an anomaly in the world today with virtually zero transparency on any subject and least of all on its financial situation. People that live in China are not allowed to read the news unfiltered and if you remember SARS you remember that the official reaction was to lie, lie and lie some more. The Chinese government is living in a time machine and most of the world, for whatever reason, either does not know that China is different or chooses to ignore that fact.